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Garland Law Offices, P.A.
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“Working past retirement age can provide an added boost to your retirement savings, if you follow these steps.” There are some real benefits to working beyond "normal" retirement age. They include a bigger nest egg and more Social Security benefits. While remaining in the workforce later in life can add... Continue reading
Posted Jun 9, 2017 at Garland Law Offices, P.A.
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“For many people, their lives are entwined with technology. Their lives and experiences are recorded to cell phones, social media and their computers. It is this digital life that needs preservation after an untimely death.” Folks may consider how to handle their homes and other assets during estate planning, but... Continue reading
Posted Jun 8, 2017 at Garland Law Offices, P.A.
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“Why having two IRAs can be smart.” IRAs can be a terrific way to make the most of what you save for retirement. They also have some tax breaks that outweigh regular investing accounts. There's no restriction on the number of different IRAs you can have, and you can open... Continue reading
Posted Jun 7, 2017 at Garland Law Offices, P.A.
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“How to plan ahead for a special needs child.” There are parents who have special needs trusts for their autistic adult children. Many of these children with special needs are able to live on their own and hold down a job. Nonetheless, parents want to do more to provide for... Continue reading
Posted Jun 6, 2017 at Garland Law Offices, P.A.
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What happens when Garland Law Offices and Chelsea Senior Living join forces to provide a continuing education program? You get a wonderful evening aboard the River Belle complete with dinner, beautiful views, and an entertaining and informative presenter! We are so grateful to everyone who set sail with us. It... Continue reading
Posted Jun 5, 2017 at Garland Law Offices, P.A.
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“If you have children or are planning to have children, you are probably like most people and have never written down who should be their legal guardian, in case something tragic happens to you.” With the busy schedule of an active family, you probably never thought of what would happen... Continue reading
Posted Jun 5, 2017 at Garland Law Offices, P.A.
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“A new study shows the benefit of converting sooner for your loved ones.” The question of whether to convert a traditional IRA to a Roth, can become more complicated as we get older. However, if you plan to leave the IRA to an heir, paying the taxes to convert it... Continue reading
Posted May 26, 2017 at Garland Law Offices, P.A.
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“The rising cost of higher education is out-pacing inflation and families’ need to plan accordingly.” Higher education costs are out-pacing inflation by an average of 4%. From 2012 to 2017, tuition has risen by about 9% across the board. With these escalating expenses, some families are having a tough time... Continue reading
Posted May 25, 2017 at Garland Law Offices, P.A.
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“Estate planning is not only important in directing the way that a person’s money and property are handled after death, but it also provides valuable information to loved ones to help seniors in their final years.” Some people think that an estate plan is only needed by the wealthy. In... Continue reading
Posted May 24, 2017 at Garland Law Offices, P.A.
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“Estate planning, which is the process of planning who gets one’s assets after they die, can be a rather confusing, cumbersome process. Those annoyances are amplified, when it comes to dealing with bitcoin and other digital assets.” A recent article in Coin Journal, “The 7 Steps of Estate Planning for... Continue reading
Posted May 23, 2017 at Garland Law Offices, P.A.
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“If you want your nest egg to be robust when you're ready to retire, you have to take care of it now. That means careful investing and saving. You can't just go out there and wing it.” Nasdaq’s recent post, “5 Considerations to Help You Retire Wealthy,” offers five things... Continue reading
Posted May 22, 2017 at Garland Law Offices, P.A.
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“There are many “what ifs” to consider when giving your children or grandchildren an inheritance—from when and how to let them know they are receiving an inheritance, to protecting your gift from becoming the property of a future ex-spouse and another family altogether.” While you may have some pride knowing... Continue reading
Posted May 19, 2017 at Garland Law Offices, P.A.
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“Executors can be paid for their duties, but in this case, you could have a fight on your hands.” A father passes away and leaves everything to his two sons. The will designates that his best friend will serve as the executor. The will also states that the executor is... Continue reading
Posted May 18, 2017 at Garland Law Offices, P.A.
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“When an elderly parent passes away and leaves debt, their adult children may question if they're now on the hook for any unpaid bills.” It’s not uncommon for the adult daughter of a deceased father to discover that he had numerous credit cards and thousands of dollars in debts. Kiplinger’s... Continue reading
Posted May 17, 2017 at Garland Law Offices, P.A.
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“Perhaps you have been thinking about your estate planning, and you have worked hard and accumulated some assets. It is only natural that you would want to have a say in what happens to them once you die. One question that might come up is whether you need a will... Continue reading
Posted May 16, 2017 at Garland Law Offices, P.A.
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“Overlooking the need to elect portability is a common mistake—and one that can lead to the loss of valuable estate tax savings down the road.” With the sizeable federal estate tax exemption, most upper middle class folks don’t need to worry too much about making a portability election in order... Continue reading
Posted May 15, 2017 at Garland Law Offices, P.A.
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“How do I keep my heirs from having to go through probate?” There are some estate planning questions that many of us would like answered. These include how to keep heirs from going through probate, whether you need an estate planning attorney or can you just use an online form... Continue reading
Posted May 12, 2017 at Garland Law Offices, P.A.
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“The reality is that taxes have always been a secondary component of the charitable giving process and now may be less critical than ever before. As tax planning has become less relevant, personal goals and the role of the adviser have gained in importance.” Financial Planning’s recent article, “Charitable giving:... Continue reading
Posted May 11, 2017 at Garland Law Offices, P.A.
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“We uncovered the biggest things people overlook when drafting a will. Find out if you’re missing a one of these key elements.” There are a few common items that folks neglect to put in their wills or estate plan. These can have a major effect on your family. An article... Continue reading
Posted May 10, 2017 at Garland Law Offices, P.A.
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“A new law just passed this week by the Washington state legislature, is aiming to curb crime against what some call the ever-growing ranks of the aging known as the "Silver Tsunami."” Elder abuse was the subject of a recent story at mynorthwest.com, entitled, “Washington state takes new steps to... Continue reading
Posted May 9, 2017 at Garland Law Offices, P.A.
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“The hit podcast "S-Town," which was downloaded more than 10 million times in its first four days, highlighted the importance of having a will.” A will is great first step, but estate planning is an entire strategy to protect you and your spouse in retirement, and to leave a legacy... Continue reading
Posted May 9, 2017 at Garland Law Offices, P.A.
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“There’s no such thing as a good time for a family fight, but one of the worst is after a death.” A recent Ameriprise Financial survey of 2,700 people, found that a quarter of the respondents said an inheritance caused disagreement or tension within the family. Newsday’s recent article, “Report:... Continue reading
Posted May 5, 2017 at Garland Law Offices, P.A.
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“The challenge is starting the conversation. This is one of those times, when conventional advice is right: Ease into the money talk.” The TIAA 2017 Family Money Matters Survey has some disturbing results. It shows that the families surveyed are OK with the idea of talking about finances, but few... Continue reading
Posted May 4, 2017 at Garland Law Offices, P.A.
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“Two companies representing rock guitarist Jimi Hendrix’s estate sued his brother on March 16, in a long-running dispute over the use of trademarks and copyrights in Hendrix-themed products such as “Jimi’s Cannabis Collection Purple Haze” and “Jimi’s Wines.”” Trust Advisor’s article, “Hendrix Estate Sues Singer’s Brother Again Over Trademarks,” says... Continue reading
Posted May 3, 2017 at Garland Law Offices, P.A.
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“Compared to even a few decades ago, people today can expect to live longer and healthier lives. They can also expect their overall quality of life to improve as they age–if they have the resources to stay healthy.” A recent Forbes article asks “You May Live Longer Than You Expect:... Continue reading
Posted May 2, 2017 at Garland Law Offices, P.A.